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320 Gramercy Court Shreveport, LA 71106

3 Beds 4 Baths 4,036 sqft Built 2000

$380,000

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $94.15
  • 2 Days on Market
  • MLS # : 279894NL
  • Updated Date : 03/19/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 4,036 sqft
  • Baths : 4 full
Listing Agent

Century 21 United

Listing Agent's Description

ONE OF THE LOWER PRICE PER SQ FT HOMES IN ST CHARLES PLACE. Come see this large home in the gated neighborhood of St. Charles Place. This home features 3 bedrooms with 4 full bathrooms. Lots of custom built ins with lighting inside, Den/Sunroom with fireplace, Attic room is framed in to make a 4th bedroom, just needs drywall and finishing, plus lots more walk in attic space. Every room is large. An attached storage room behind the garage with inside and outside access. Come and see this great deal.

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Neighborhood: Ellerbe Woods

NeighborhoodNIR Market*CityMarket2010Year2004 Q3201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $73k326k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Ellerbe Woods

NeighborhoodNIR Market*CityMarket2015Year2009 Q32019 Q29001000110012001300140015001600170018001900200021002200Rent in $8482263

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Claiborne Fundamental Elementary School Primary Magnet 401 26 10
Caddo Middle Magnet Middle Magnet 1,281 65 10
Caddo Parish Magnet High School High Magnet 1,122 69 9

Claiborne Fundamental Elementary School

  • Education Level: Primary
  • # of students: 401
  • # of teachers: 26
10
GreatSchools Rating

Caddo Middle Magnet

  • Education Level: Middle
  • # of students: 1,281
  • # of teachers: 65
10
GreatSchools Rating

Caddo Parish Magnet High School

  • Education Level: High
  • # of students: 1,122
  • # of teachers: 69
9
GreatSchools Rating
 

$342,000$418,000$380,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$1,320
Property Tax -$631
Property Insurance -$103
HOA -$44
Property Management Fees -$99
CASH FLOW
$904

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$380,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 1.39%
Appreciation Year (1-5) 18.0%
Maintenance Year (1-5) 8.00%
Vacancy 9.82%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

12.08

YEARS SAVED

$74,673

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,100

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $3,552

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,500
$3,500
RENT COMPS ANALYSIS
  • 320 Gramercy Court Shreveport, LA 1
    • 3 beds 4 baths ∙ 4,036 Sqft ∙ Built 2000 3 beds 4 baths ∙ 4,036 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.77
    •  
  • 319 Bringier Place Shreveport, LA 2
    • 4 beds 4 baths ∙ 4,000 Sqft ∙ Built 1995 4 beds 4 baths ∙ 4,000 Sqft ∙ Built 1995
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.88
    •  
PROPERTY LISTING DETAILS
Chuck Metz
Century 21 United
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 279894NL
Last Updated: 03/19/2021
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